create to put americans back to work. for every net new job created, about four people dropped out of the workforce, so, we're going in the wrong direction. this is a very difficult time for the american people. >> joining us now to react from new york is david callahan, a senior fellow at a progressive organization and here in washington former economic advisor to president george w. bush douglas holts eakin. okay, gentlemen, look, we had 368,000 people leave the job force. that was the number. but the bureau of labor statistics has its way of calculating the jobless rate that minimizes it, i think, doug, because it goes down to 8.1%. people think wow that's progress. tell us what it really represents. >> ignore the drop from 8.3 to 8.1. this is unrelentingly bad report. we had 368,000 people give up looking for joonget they're not unemployed they disappear from the statistic. inside that it's even worse.